Bonavista Energy Trust
TSX : BNP.UN

Bonavista Energy Trust

November 02, 2009 16:01 ET

Bonavista Energy Trust Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2009) - Bonavista Energy Trust (TSX:BNP.UN) is pleased to announce the increase to the Exchange Ratio of the Exchangeable Shares of Bonavista Petroleum Ltd. from 2.18087 to 2.19700. This increase will be effective on November 16, 2009.

The following are the details of the calculation of the Exchange Ratio:



----------------------------------------------------------------------------
Five day
Weighted
Average
Trading
Price
of
Record Bonavista BNP.UN Effective
Date of Energy (Prior Date Exchange
Bonavista Trust to the Increase of the Ratio
Energy Opening Distribution end in Increase as of
Trust Exchange per of the Exchange in Exchange Effective
Distribution Ratio Unit Month) Ratio(1) Ratio Date
----------------------------------------------------------------------------
October 31, November 16,
2009 2.18087 $ 0.16 $ 21.63 0.01613 2009 2.19700
----------------------------------------------------------------------------

(1) The increase in the Exchange Ratio is calculated by multiplying the
Bonavista Energy Trust Distribution per Unit by the Exchange Ratio
immediately prior to the Record Date and dividing by the five day
weighted average trading price of BNP.UN.


A holder of Bonavista Petroleum Ltd. Exchangeable Shares can exchange all or a portion of their holdings into Bonavista Energy Trust Units, at any time, by giving notice to their investment advisor or Valiant Trust Company at its principal transfer office in Suite 310, 606 - 4th Street S.W., Calgary, Alberta, T2P 1T1.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Contact Information

  • Bonavista Energy Trust
    Glenn A. Hamilton
    Senior Vice President & CFO
    (403) 213-4300
    or
    700, 311 - 6th Avenue SW
    Calgary, AB T2P 3H2
    www.bonavistaenergy.com